JPMorgan Chase & Co. Buys 7,506,518 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

JPMorgan Chase & Co. lifted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 28.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,189,868 shares of the exchange traded fund’s stock after buying an additional 7,506,518 shares during the period. JPMorgan Chase & Co. owned approximately 0.07% of iShares 7-10 Year Treasury Bond ETF worth $3,287,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEF. Bison Wealth LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% in the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after buying an additional 113,663 shares during the last quarter. StoneX Group Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $213,000. The Manufacturers Life Insurance Company lifted its stake in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after purchasing an additional 616,905 shares during the last quarter. Ausdal Financial Partners Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 7.5% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock valued at $450,000 after acquiring an additional 329 shares during the period. Finally, Camarda Financial Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 7.7% during the 2nd quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock valued at $1,221,000 after acquiring an additional 913 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $93.62 on Monday. The company’s fifty day simple moving average is $94.76 and its two-hundred day simple moving average is $95.83. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.94 and a 1 year high of $98.04. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

About iShares 7-10 Year Treasury Bond ETF

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.